What I mean is that when you take bitcoin to become part of your life,you will know that you have to keep your coins with you till old age no matter what significant circumstances that befall bitcoin price,you wouldn't bother because you have seen it that it is part of your life.
But this isn't a big deal, man, and it shouldn't be to any Bitcoiner if the person truly knows more about Bitcoin before going into it. The thing to do (possibly for me; I don't know what others think) is just look back at the price history of Bitcoin and note the great price crash of Bitcoin, then they will relize that it has even crashed by -99% in 2011, but yet it recovered big time.
there will also be a time that you will use DCA method,the important thing is that make it your priority.
Every bitcoiner can use the DCA at any time they want, but it depends on the investor and how much they are investing. For instance, if the Bitcoin price drops to $20,000, I could just let go of DCA and buy up at once any amount I wish to buy because I am satisfied with the price dip, but perhaps, let's say, if it's trading at $40k, I can decide to do DCA because I am hoping that if I buy with DCA, there will be a chance that the price will go below $40k. Upon that, there are people that will still do DCA even if the price has dipped more. It might not go below that again, but some will still be waiting to DCA hoping that it will dip more, and after the price sees a big uptrend, that's when they start to regret why they did not just buy up at the point it was very low.
Your description of DCA is a wee bit strange Dr.Bitcoin_Strange.... .. especially since you are describing so much about changing your DCA based on the BTC price and that is not really what DCA is.. and you are describing buying on the dip.. and sure, there is not really any problem to employ both DCA and buying on the dip as you describe, but they are a bit different concepts in terms of how to strategize aspects of your BTC accumulation.
DCA really is something that you would employ once you have come to the conclusion that you believe overall the BTC price is going up in the long term.. so that you believe there is enough fundamental value in BTC that its price is going to be higher at the point down the road when you start to cash out.. so that you cannot really be sure that the price will be higher but that overall you believe that the BTC price is trajectoring upward enough that DCA'ing will be profitable .. so in that sense you largely establish a regular budget to buy BTC - perhaps based on your extra cashflow, and if you have changes in your cashflow then you may end up having changes in your DCA amount.. I have frequently suggested buying weekly for guys/gals in their early BTC accumulation stages, but surely there might be reasons that the buys might not be structured as frequently.
Of course you can have part of your budget that is set aside or reserved for buying on dips and so you might even stop and start DCA based on BTC prices, but that really is not DCA.. that is buying on dips and maybe using DCA within that kind of a practice..., and maybe my main point is to make sure to note that a more pure DCA strategy is largely based on the budget (cashflow and expenses) of the BTC buyer and not on the changes in the BTC price.. .. and maybe if someone is really early in their bitcoin journey, they would be more strict on making sure that they are buying BTC regularly, and sure they can try to time their buys at the lowest price in the week (or the month if they are making their buys monthly), and something like that still might be considered DCA, but if we are completely changing the amounts that we buy based on the price, that sounds more like buying on dips and maybe even a bit more of a luxury that comes after having had already accumulated a decent amount of BTC already that it might not really matter so much whether DCA buys are made regularly.
Many of us likely realize that the more BTC that we accumulate, then the less we might feel emotional about the BTC price going up and the possibility of our missing out because our own accumulation of BTC has already largely prepared us for UP, and so part of the trick for any lowcoiner or no coiner is to get to a stage in which s/he at least has enough of a BTC stash that s/he is already feeling financially and psychologically prepared for up, even if s/he might have had wanted to have more BTC, at least there is enough BTC in the stash that there are good feelings about the BTC price going up.
So perhaps part of the justification of just following strict DCA and not even thinking about the dip would be for a very new person to bitcoin who hardly has stacked any bitcoin, and sure if they already have money (or other assets/investments), then they might consider a lump sum front loading into bitcoin in order to establish some kind of a sufficient stake in order to take away those kinds of feelings that deal with not feeling as if they do not have enough BTC in terms of being prepared for up.... but some folks get into BTC and they do not have hardly any other investments or assets or if they do have other assets, they do not necessarily want to draw upon those other assets/investments, so in those cases they might want to be more strict in their following a DCA strategy that has to do with their cashflow and maybe even wanting to be somewhat aggressive in their DCA amount until they feel that they have enough BTC to be prepared for up.
And, not everyone is going to feel that they want to be aggressive in their BTC accumulation, so those folks also might just get started with DCAing into BTC with a strict amount, but their amount might end up being a relatively low amount because they are still feeling hesitations in regards to whether they believe BTC is a good investment, and some of those more BTC hesitant people could take a decent amount of time before starting to feel that they might want to be more aggressive in their BTC accumulation approach including using DCA, buying on dips and/or front loading lump sum investing into it.
Wrong reasoning. If you are solely a bitcoin maximalist, then it is understandable why you say that. But if you listen to common sense, there are very good opportunities right now to buy shitcoins bags and wait for the price you are willing to sell at. There haven't been prices like that since 2020, and it's silly to give up the profits you can get in a year or a year and a half for example.
Shitcoins often offer good opportunities at certain moments in the market, but Shitcoins are not a good choice long term although it may make sense to choose them at certain times. Because taking advantage of the moment to seek profits in the short term is indeed feasible because the benefits can be enjoyed immediately, but for those who have maximized themselves on Bitcoin it also makes a lot of sense in my opinion because currently Bitcoin is still good to buy using their respective strategies.
Because remembering that there will also be better moments next year so this year can still be used to buy as much as you can, especially for Bitcoin. Personally, I also look at Bitcoin more often for now and buy it when the price starts to fall, although I also buy other coins at the same time because the price decline that occurs in Bitcoin also often provokes the price of other coins to decrease, so I can use them simultaneously.
This thread is not about whether or how much shitcoins to diversify into and whether or not it is a good idea to even think about that crap... since we are talking about bitcoin here. Yeah.. people might get into shitcoins, but why distract us with that nonsense here?
Focus.
Focus.
By the way, since we are attempting to figure out dips in BTC price in this thread, then sometimes shitcoins can be relevant to the extent that they drag down the BTC price or they might drag down the BTC price.. and so yeah, we are trying to weigh our timing of BTC buys to the extent that we believe that buying on dip is something that we want to do.. which can supplement a DCA strategy.. or even replace a DCA strategy if the person has already accumulated a lot of BTC and met various accumulation goals (so buying on dips can come into play for both new investors and also for longer term BTC HODLers).